Two More COVID Relief Fraud Cases Hit Federal Court — What Legitimate EIDL Borrowers Need to Know
DOJ is still prosecuting EIDL fraud in 2026. If you took a legitimate EIDL loan and can’t repay, that’s different — here are your real options
COVID
Online Classes: What $50K Gets You at Home
Quick Answer: Students paying $50,000+ annually for online classes have filed hundreds of lawsuits against universities, claiming virtual instruction is inferior to in-person education they contracted for. Universities face three options for fall 2021: continue online classes and risk major enrollment losses, reopen with restrictions, or mandate vaccines for normal campus operations. American universities are …
Covid Foreclosures Resume: Myth vs Reality
Quick Answer: COVID foreclosure protections have ended, but the CFPB has implemented new rules to help homeowners avoid foreclosure as over 2 million remain in forbearance. Over 3% of borrowers are now four months behind on payments, creating unprecedented risk not seen since the Great Recession.Update (April 2026): Queens just had more Q1 2026 foreclosures …
College Tuition Refund Lawsuits: What Records Show
Quick Answer: College tuition refund lawsuits have largely failed, with courts ruling universities had no contractual obligation to provide in-person instruction during COVID-19. A federal judge recently favored Northeastern University, rejecting students’ claims for $20,000+ tuition refunds while allowing recovery of a $70 recreation fee. By Richard Fossey & Todd A. DeMitchell As Inside Higher …
FTC Scam Complaints: What the Records Show
Quick Answer: The FTC filed a case against unknown scammers who created fake Clorox and Lysol websites during COVID-19, taking consumers’ money without delivering products. The scammers used a false Ohio address (2180 Barlow Rd., Hudson, OH) on their counterfeit websites since July 2020.The case filed yesterday by the Federal trade commission (FTC) caught my …
COVID Bankruptcy: What It Means and What to Do
Quick Answer: COVID bankruptcy refers to bankruptcy filings caused by pandemic-related job losses and business closures, with analysts predicting a wave of cases exceeding 2008-2009 recession levels. Individuals facing COVID financial hardship can choose between Chapters 7, 11, and 13 bankruptcy, each offering different outcomes from total debt discharge to structured repayment plans.In the past …
FTC Warns MLMs: Red Flags to Know
Quick Answer: The FTC issued warning letters to six MLM companies for making false claims about COVID-19 treatment/prevention and unrealistic earnings promises targeting people who lost income. Companies like Vivri USA, Plexus, and Juice Plus were cited for deceptive social media posts promoting immunity products and income opportunities.The Federal Trade Commission today announced it has …
Debt Consolidation: What It Is and What to Do
Quick Answer: Debt consolidation involves combining multiple debts into a single payment, but with $35,000 in debt including rent payments on credit cards, the advisor emphasizes that debt is fundamentally math wrapped in emotion. Success depends on stable future income to repay obligations, which requires realistic assessment of job security and earning potential.Question:Dear Steve,I was …
How to Protect Yourself Against These 9 Coronavirus Scams
Grifters, scam artists, snake oil salesmen — whatever you call them, people who try to con others out of their hard-earned money have always been with us. But crises and the ensuing panic some people feel tends to bring out even more of them. The coronavirus pandemic is no exception. Here’s a rundown of the …
The Ultimate Coronavirus Emergency Get Out of Debt Guide
Quick Answer: During coronavirus financial hardship, prioritizing cash conservation over credit scores becomes essential for debt management. The guide recommends immediately cutting discretionary spending, canceling subscriptions, and shopping for cheaper services like Consumer Cellular to preserve cash reserves for essential expenses like food and utilities.When it comes to dealing with your debt, coronavirus changes everything …
